Ming Zuo

Chapter 1209 Gold Standard

"The domestic silver production and reserves are seriously insufficient. Under such circumstances, our trade with Westerners will definitely suffer."

Zuo Menggeng explained a cruel fact.

Playing with money, the current Xia Kingdom is definitely not an opponent of European countries.

People can dig silver mines from all over the world, and then take them to Xiaguo to exchange them for rich products, and then transport them all over the world to transform them into more abundant Lilan.

To put it bluntly, in this cycle, Xia Guo has completely become a stinky worker.

The most straightforward solution is that Xia Guo also finds a silver mine with abundant reserves, and then hedges with European countries to balance the price of silver.

But obviously, this is not realistic, it is all luck.

For the time being, Xia Guo's luck is not very good.

Many other mineral deposits have been found, but silver mines have never been discovered.

But under this trend, the damage Xia Guo suffered must be made up, otherwise Xia Guo's situation will not be much better than that of Daming.

Zuo Menggeng would not allow anyone to ride on Xia Guo's head and snatch Xia Guo's fruits easily.

Since money is not enough...

Then play for gold.

The gold mines Xia Guo discovered so far are absolutely astonishing.

Whether it is the gold mines in Shandong, or the gold mines in Sakhalin Island and Longya Peninsula, as long as they operate normally, they will provide Xia with an incomparably rich family background.

The value of gold is obviously higher than that of silver.

The most important thing is that the price of gold is more uniform when it is brought to the international market.

Even European countries have discovered many gold mines all over the world, but the value of gold has always remained high.

By skipping silver and directly incorporating gold into the monetary system, one can cover up Xia's shortcomings and safeguard its own interests.

There is another basis for Zuo Menggeng to dare to do this.

That is ... China is the world's largest exporter of goods today.

The whole world comes here to buy things, and the things here are popular all over the world.

That being the case, then it is necessary to control the pricing power in one's own hands.

In other words, Xia Guo has the final say on how to price gold.

Of course, Xia Guo will not harm its own interests, so it can occupy a strong position in the international currency market.

Zuo Menggeng was not afraid of opposition from European countries.

Xia Jun's powerful force is the guarantee.

As soon as he uttered his thoughts, everyone present couldn't help applauding after they figured it out.

"Use gold as a margin to issue banknotes. In this way, the value of the banknotes can be guaranteed, and we don't have to worry about the old Ming Dynasty happening again. In this way, there will be no shortage of silver, and it will have no impact on us."

Chen Zhi shook her head and wondered, she really didn't know how Zuo Menggeng thought of it.

Qu Yin was a little worried.

"If paper money is issued, what should the common people do if they don't recognize it? What if Westerners don't recognize it?"

In Chinese history, banknotes are not a rare thing. Starting from the Northern Song Dynasty, the Southern Song Dynasty, Yuan Dynasty, and Ming Dynasty have all played with them.

Without exception, all games collapsed.

To put it bluntly, people's views on banknotes today may be that they were bitten by snakes once and afraid of well ropes for ten years.

Zuo Menggeng didn't have any worries.

"To solve the concerns of the people, there are only two points. First, the quality of the banknote itself must be guaranteed. That is, materials, printing, etc., as well as the subsequent exchange of damaged banknotes, must form a strict and scientific process."

The big guys will understand as soon as they hear it.

The banknotes that appeared in the past cannot be said to be bad, but not good enough.

Limited by technology, the cost of printing banknotes in the past was very high. As a result, the cost of banknotes itself remained high, and eventually this cost was passed on to ordinary people.

To solve this problem, we must work hard on technology.

Xia Guo paid great attention to technology, invested heavily, and the effect was very gratifying.

Everyone can see the progress of the printing industry.

Monthly newspapers have begun to appear in Shandong, Songjiang Prefecture and other places.

It is predicted that daily newspapers will become a reality in the near future.

All this stems from the advancement of technology.

The movable type printing machine is based on manual, and now there is a hydraulic drive mode.

Fei Ruyi and others have even begun to cooperate with Qin Luo and Li Meizhi to study steam engine-driven printing presses.

Once realized, printed matter becoming an everyday thing will become a reality.

At the same time, the research on techniques such as ink, paper, and dark lines was also at the top level at that time.

The paper currently used by the Ministry of Intelligence for transmission comes from the Songjiang Prefecture Printing Factory.Those who don't understand the principles, even if they hold the paper in their hands, will not be able to decipher it in their lifetime.

Now the printing factory has followed Zuo Menggeng's instructions and started to study waterproof paper.

Once this is also successful, it will take a big step forward in the field of food packaging in the future.

It is precisely because of the accumulation of these technologies and the discovery of a large number of gold mines that Zuo Menggeng dared to mention the manufacture of banknotes again.

However, he is also very sober, and does not think that everything will be fine once the new banknotes are produced.

Xia Guo is still relatively weak in one area.

That's the bank.

Having banknotes without banks is bound to be detrimental to the circulation and supervision of banknotes, and cannot promote the further prosperity of the market.

But what to do with the bank, to be honest, Zuo Menggeng didn't know anything about it.

His understanding of the bank is only a few words of later generations, not systematic.

This kind of industry that is related to the national economy and the people's livelihood and even the rise and fall of the country, how can we not be cautious?
Fortunately, he doesn't understand, but he has a way.

"Discuss with the Dutch and ask them to send some banking professionals to help. Remember, you must learn from their advanced concepts and prevent them from doing bad things. Banks are very important, and there must be no omissions."

It is generally believed that the earliest bank in the world appeared in Venice, Italy.

Afterwards, banks began to blossom all over the European continent.

The Netherlands, which followed Italy, had a very developed banking industry because of the prosperity of commerce and trade during this period.

If Xia Guo wants to build his own bank, the Netherlands is the best teacher.

However, Zuo Menggeng still has a clear understanding of the virtues of the Dutch financial industry.

The famous tulip event is now sweeping the Dutch financial industry.

It was this financial bubble that led to the decline of the Netherlands.

It can be said that the failure of the Netherlands in the Anglo-Dutch War not long after was not unrelated to this.

To set up the banking system, the help of the Netherlands is needed.But we must be alert to the pitfalls, so as not to repeat the same mistakes.

Zuo Menggeng suddenly thought that because of the tulip incident in the Netherlands today, countless people went bankrupt, and many of them must be experts in the financial industry.

Perhaps it is possible to provide these people with job opportunities and get them to Xia Guolai.

In that case, the establishment of the banking industry and the improvement of the financial system will surely achieve twice the result with half the effort.

What is the most precious thing in this world?

Talent of course.

Thinking of this, Zuo Menggeng couldn't sit still anymore.

He immediately wrote a letter to Anthony van Diemen, expressing his desire to hire financial talents.And make a promise to it, every time a senior talent is introduced, it will get a generous commission.

The wages of avarice is death.

I believe Anthony van Diemen must be happy to play.

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